The False Dilemma between Austerity and Growth

  title={The False Dilemma between Austerity and Growth},
  author={Guillermo Ortiz},
Recently, the general discussion regarding the eurozone crisis is focused on the trade-off between adjustment and growth. The International Monetary Fund, for instance, argues that all countries with fiscal space should use it and should have flexibility in the short term to respond to the challenges of slackening global activity. Also, some policymakers… CONTINUE READING